Home » Headline » APC’s biggest fears comes true as Wike collects N10bn loan from Zenith Bank
APC’s biggest fears comes true as Wike collects N10bn loan from Zenith Bank

APC’s biggest fears comes true as Wike collects N10bn loan from Zenith Bank

The Rivers State Governor, Nyesom Wike recently got the approval of his state House of Assembly to acquire a loan of ten billion naira loan facility from Zenith Bank for the State Government.

Speaker of the House, Ikunyi Awaji-Igbani, who read the request letter from the Rivers State Governor, Nyesom Wike noted that the loan is to be taken to enable the state government commence projects in the state and noted that measures were being take to ensure the loans do not become burdens.

“By this resolve therefore, this House hereby approves the request by the His Excellency, the Governor of Rivers state for a N10b loan facility from Zenith Bank to finance vital developmental projects in the state,” the Speaker said and gave the approval citing an empty treasury as reason.

Responding to this, the stables of the All Progressives Congress, APC, condemned the approval of the loan facility, stating that it was too hasty as the administration was barely 2 weeks old.

State Publicity Secretary of the APC, Chris Finebone said the party “finds it curious that Wike is taking a loan after boasting that former President Goodluck Jonathan paid the Rivers state Government N5billion owed by the Federal government”.

The APC also urged individuals, banks, and corporate organisations to steer clear of Governor Wike as he was going to be sacked in earnest.

Finebone said the move by Wike was in contrast to that of former Governor Rotimi Amaechi, who at the assumption of office proposed a bill to the State Assembly which sought to save N1b monthly for the state government.

According to the APC spokesman, “The APC will like to warn companies, individuals and Zenith Bank Plc. to distance themselves from the wave of bills as the hammer will fall very soon and they will be swept away by a certain wind of justice.

“Those who would have aided and abated in various designs to dupe Rivers people will have huge price to pay”.

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